University of Florence Faculty of Economy Master’s Degree in Bank, Insurance and Financial Markets Thesis in Applied Statistics for Banks and Insurances Credit Risk Models: Single Firm Default and Contagion Default Analysis Supervisor: P rof essor Fabrizio Cipollini Student: Marco Gambacciani Academic Year 2009/2010 Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Structural Models 1.1 Terminal Default . . . . . . . . . . . . 1.2 First Passage Models
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along the lines of the human capital literature. Several testable implications are analyzed. We study exogenous and endogenous changes in life expectancy, and we argue that the traditional value of life or willingness to pay formulas for reductions in risks to life have to be modified when we account for afterlife utility. The model is then extended to rationalize the existence of suicide bombings and to discuss the complementarity between religiosity and patience. Jews, Christians, and Muslims all profess
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Essays in Banking and Risk Management by James Ian Vickery B.Ec.(Hons), University of New South Wales (1997) Submitted to the Department of Economics in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Economics at the MASSACHUSETTS INSTITUTE OF TECHNOLOGY September 2004 c ° James Ian Vickery, MMIV. All rights reserved. The author hereby grants to Massachusetts Institute of Technology permission to reproduce and to distribute copies of this thesis document
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Foundations of Machine Learning Adaptive Computation and Machine Learning Thomas Dietterich, Editor Christopher Bishop, David Heckerman, Michael Jordan, and Michael Kearns, Associate Editors A complete list of books published in The Adaptive Computations and Machine Learning series appears at the back of this book. Foundations of Machine Learning Mehryar Mohri, Afshin Rostamizadeh, and Ameet Talwalkar The MIT Press Cambridge, Massachusetts London, England c 2012 Massachusetts Institute
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international thinking and standards in directing and controlling an enterprise’s information technology. Effective IT governance helps ensure that IT supports business goals, optimises business investment in IT, and appropriately manages IT-related risks and opportunities. ITGI offers original research, electronic resources and case studies to assist enterprise leaders and boards of directors in their IT governance responsibilities. Disclaimer ITGI (the “Owner”) has designed and created this publication
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international thinking and standards in directing and controlling an enterprise’s information technology. Effective IT governance helps ensure that IT supports business goals, optimises business investment in IT, and appropriately manages IT-related risks and opportunities. ITGI offers original research, electronic resources and case studies to assist enterprise leaders and boards of directors in their IT governance responsibilities. Disclaimer ITGI (the “Owner”) has designed and created this publication
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smaller activities. It can also be explained as a piece of planned work or an activity that is finished over a period of time and intended to achieve a particular aim. It should be understood that it is temporary and so has a defined starting and ending point and therefore a defined scope and resources. (Source:PMI.org) Now that we have clearly stated what a project is lets look into what project management is about. Dr Martin Barnes, APM President presents the definition as “Project management is
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® OCA Oracle Database 11g: SQL Fundamentals I Exam Guide (Exam 1Z0-051) ABOUT THE AUTHORS John Watson (Oxford, UK) works for BPLC Management Consultants, teaching and consulting throughout Europe and Africa. He was with Oracle University for several years in South Africa, and before that worked for a number of companies, government departments, and NGOs in England and Europe. He is OCP qualified in both database and Application Server administration. John is the author of several books
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NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE CODE : BHM 303 COURSE TITLE: MANAGERIAL ECONOMICS 1 MANAGERIAL ECONOMICS (THE COURSE GUIDE) THE NEED Managerial Economics as a course required for effective resource management was put in place due to the following developments in the global business environment: (a) Growing complexity of business decision-making processes. (b) Increasing need for the use of economic logic, concept, theories, and tools of economic analysis in the process of
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Effective Decision Making Abstract Managers judge the effectiveness of decision in terms of quality, timeliness, acceptance, and ethical appropriateness. The decision-making process is improved though creative problem solving and brainstorming. They way managers frame problems significantly affect the outcome. The effectiveness of a decision depends on cognitive biases and organizational barriers. Effective leader communicate well and motivate others. Managers match a leadership style with a
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